The S&P 500 closed up 0.46% yesterday to hit a new record of 6,909.79. The index is now up 17.48% for the year. With only the quiet Christmas week left before the end of the year it’s likely that investors will mark this down in their spreadsheets as a very good year. Unless, of course,…
Bank of America’s “Bull & Bear Indicator” rose from 7.9 to 8.5 in the last few days, triggering its contrarian “sell” signal for risk assets, according to a note from analyst Michael Hartnett and his colleagues seen by Fortune this morning. The indicator is derived from BofA’s regular fund manager survey, which asks 200-plus investment…
Elon Musk just woke up $168 billion richer. Even as the wealthiest man in the world, he is still setting new records and raising the bar for what ultra-wealthy looks like. The serial CEO’s net worth shot up to $638 billion on Monday, making him the first person estimated to be worth more than $600…
Ahead of the highly anticipated November jobs data to be released this week, even lackluster numbers may be greeted with relief by Wall Street. A moderately cooling labor market could increase the likelihood of more rate cuts by the Federal Reserve—a tantalizing prospect for many investors eying future earnings growth—fueling bullish behaviors in the stock…